Citi plans 6.65% contingent coupon callables tied to Dow, Russell

By Susanna Moon

Chicago, June 12 – Citigroup Global Markets Holdings Inc. plans to price callable contingent coupon equity-linked securities due June 20, 2023 linked to the worse performing of the Russell 2000 index and Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 6.65% if each index closes at or above its 55% coupon barrier on the review date for that quarter.

The notes are callable at par on any review date after one year.

The payout at maturity will be par unless either index finishes below its 60% trigger level, in which case investors will be fully exposed to any losses of the worse performing index.

The notes are guaranteed by Citigroup Global Markets Inc.

Citigroup Global Markets Inc. is the agent.

The notes will price on June 15.

The Cusip number is 17324CVZ6.

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